Letter to the Editor Invest in a Secure Future
Lake Forest Park residents are evaluating Prop 1, a proposed tax levy that would impose an annual cost of approximately $220 for six years. Supporters contend that the tax is crucial for addressing funding shortages in public safety, as the city currently relies on reserves to balance its budget. Critics assert that existing funding is adequate until 2026, but this perspective overlooks the long-term implications of using reserves. Washington state law limits property tax increases to 1% annually, which does not align with rising costs from inflation. This discrepancy necessitates levies like Prop 1 to ensure fiscal stability.
David K. Farkas, a 43-year resident and community volunteer, champions the measure as a proactive step toward safeguarding the city's future. The levy aims to provide a sustainable financial foundation amid rising public safety expenses. Ultimately, the community must weigh the immediate financial impact against the long-term benefits of investing in their city's future.